USD Covered Bond - COBO USD Covered Bond

ProShares USD Covered Bond seeks investment results, before fees and expenses, that track the performance of the Solactive® Diversified USD Covered Bond Index.

  • Designed to offer attractive yield potential and international diversification for investors concentrated in U.S. bonds.
  • Covered bonds have two sources of bond repayment in a default: a senior claim on the issuer and a claim to a "cover pool" of assets backing the bonds.
  • Focuses exclusively on the highest rated U.S. dollar-denominated covered bonds—substantially all of COBO's holdings are AAA-rated covered bonds.

Fund Snapshot

Ticker COBO
Intraday Ticker COBO.IV
CUSIP 74348A749
Inception Date 5/21/12
Expense Ratio * 0.35%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly

* With Contractual Waiver ending 9/30/17.

Fund Country Weightings as of 8/16/17

CANADA 42.96%
NORWAY 9.34%
SWEDEN 4.80%

Fund Characteristics as of 7/31/17

Distribution Yield 1.57%
Weighted Average Yield to Maturity 1.98%
Modified Duration 2.45
SEC 30-Day Yield 1.65%
SEC 30-Day Yield (Unsubsidized) -0.11%

Price Information as of 8/16/17

NAV $101.13
NAV Change $0.05
Market Price Closing $101.71
Market Price Closing Change $0.72
Daily Trading Volume 343